New Delhi: Following the resignation of Sushil Modi from the post of Chairman of the Empowered Committee of State Finance Ministers, the Centre has begun search for his successor. As the government wants to implement the GST at the earliest, it is in a hurry to appoint a new chairman. But the proposed assembly election in four states is delaying the appointment.

After the BJP and JD-U split, Sushil Modi no longer holds the position of Finance Minister in Bihar. Hence, he ceases to exist as the Chairman of the GST committee as well. Now the committee needs to find his replacement. According to sources, actions in direction of searching Modi’s replacement had already begun at the Ministry of Finance just after his resignation. The Centre is in favour of appointing a chairman who had already been with the GST committee in the past.

Since the BJP ruled states are against GST, the government wants to appoint someone from the same party. At present, the Finance Minister of Madhya Pradesh, Raghavji, is emerging as a popular choice. But the government wants to wait till the MP election results before announcing the new chairman. However, Raghavji is considered to be against the GST model.

As there is every chance of the saffron party regaining power in Madhya Pradesh, few officials in the Finance Ministry are in favour of making Raghavji as interim chairman of GST. But, this will not be considered a good move on the political front as it will send a message that the UPA government has already accepted a BJP win in the upcoming elections in the state.

The appointment process of the Chairman is a time-consuming process. The Finance Ministry is of the view that the appointment process will take another six months.


Latest News from Business News Desk